Eu comparison of vat

Author:Maria Zenovia Grigore - Mariana Gurau
Position::Associate Professor, Ph.D., Faculty of Economic Sciences, 'Nicolae Titulescu' University, Bucharest, Romania - Senior Lecturer, Ph.D. candidate, Faculty of Economic Sciences, 'Nicolae Titulescu' University, Bucharest, Romania
Pages:170-180
SUMMARY

VAT is one of the newest tools of the global economy and is widely adopted in most of the countries. For EU Member States is required not only the existence of VAT, but also that its main characteristics to be uniformly implemented. This should facilitate intra-Community transactions, but in practice does not as there are many local variations which can lead to costly errors and penalties. The... (see full summary)


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